What happens to a business checking account that I am the sole signer on after I pass away?
The LLC would be an asset of your estate. If you pass away the LLC and the cash in the LLC would pass through the intestacy laws in NY.
Boston, MA
Business Lawyer at Boston, MA
Practice Areas: Business, Tax, Estate Planning
The LLC would be an asset of your estate. If you pass away the LLC and the cash in the LLC would pass through the intestacy laws in NY.
Go to a lawyer a few towns/cities away. Sounds like there may be fraud by the seller.
You need to talk to a lawyer and CPA to assist you. There are a variety of business types that could work (LLC, S-Corp, C-Corp). Each has its...
You should deal with this as part of the divorce proceedings.
You don't explain why you were audited and what the accountant actually did wrong. Just because you are audited does not mean the accountant...
There is no federal gift tax on the transfer of assets to your spouse (I don't know about Hawaii). That being said there is no estate tax...
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Does the 401k Trust own the LLC? If so I assume the 401k is self directed 401k, otherwise you could not own real property in the 401k. The LLC...
I cannot answer specifically in NC, but a lot depends on what the will says. Just naming an Executor does not imply that that Executor gets the...